Market & Economy News

Black Bear Sports Group to Acquire 28th and 29th Ice Arenas

HARTFORD, Conn. — An affiliate of Black Bear Sports Group, Inc. (“Black Bear”) has entered into a definitive agreement to acquire Champions Skating Center in Cromwell, CT and Bolton Ice Palace in Bolton, CT (the “Arenas”). The Agreement is subject to normal course closing conditions. The Arenas collectively feature two NHL ice sheets, one Olympic ice sheet, a full-service gym, and a pool. The transaction also includes the purchase of the Hartford Jr. Wolfpack, the elite Tier I and Tier II youth hockey program. The Arenas are also home to the Whalers Youth Hockey Association & Eastern Connecticut Stars along with many figure skaters and recreational skaters in the area. The Sellers were Alan Lazowski, Founder and CEO of Laz Parking and former NHL player, Bob Crawford. Mr. Crawford will assume a senior role with Black Bear including becoming a member of the Board of Directors. Black Bear, the largest owner/operator of ice rinks in the U.S., was founded by CEO Murry Gunty in 2015. Read More